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New York manufacturing activity rises in July
Manufacturing activity in New York picked up some speed in July after a deceleration in the previous month, according to the Federal Reserve Bank of New York’s Empire State Manufacturing Survey. The general business conditions index in the survey, which was released July 16, jumped 5.1 points to 7.4. That marked a reversal in course […]
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Manufacturing activity in New York picked up some speed in July after a deceleration in the previous month, according to the Federal Reserve Bank of New York’s Empire State Manufacturing Survey.
The general business conditions index in the survey, which was released July 16, jumped 5.1 points to 7.4. That marked a reversal in course from June, when the index plunged 14.8 points.
In July, 32.1 percent of survey respondents reported improving business conditions, while 24.8 percent said conditions worsened. The other 43.1 percent indicated that conditions stayed the same as last month.
The rest of the Empire State survey’s current indicators were mixed. The new-orders index, which measures the number of new orders that manufacturers received, tumbled into negative territory by declining 4.9 points to -2.7. It is the first time that index has been negative since November 2011.
Yet a one-month drop in the new-orders index is not alarming, according to Randall Wolken, president of the Manufacturers Association of Central New York.
“It just slipped barely into negative territory, but I’m not sure it’s going to stay there,” he says. “If the other indicators were all declining, that would be a concern. But you still have shipments increasing and some good news in pricing.”
Shipments were on the rise, as the survey’s shipments index rose 5.5 points to 10.3.
Inflation in the prices that manufacturers paid slowed in July, while the prices they received increased, according to the survey. Its prices-paid index dipped 12.2 points to 7.4, and its prices received index increased 2.7 points to 3.7.
“It’s the lowest level since 2009 for prices paid,” Wolken says. “Manufacturers are getting a bit of a breather for input prices.”
At the same time, unfilled orders declined, according to the unfilled-orders index, which moved down 8.4 points to -13.6.
Delivery times also decreased, with the index measuring them slipping by 1.2 points to -1.2. The inventories index, meanwhile, showed inventories holding steady. It registered 0, up 8.3 points from June.
Manufacturers added employees without cutting back on workers’ hours in July, the New York Fed found. The number of employees index registered 18.5, up 6.2 points from last month. The average employee- workweek index notched 0, which was a decline of 3.1. Still, it showed the length of the average workweek was essentially unchanged from June.
Future expectations
The survey’s forward-looking indicators, which measure expectations for a time six months in the future, showed manufacturers continuing to harbor a positive outlook, according to Wolken.
“I think there are still some anxieties out there,” he says. “It’s an election year. There are some uncertainties about Europe — those things probably cause people to be less optimistic. Despite all of that, they remain overall optimistic.”
The future general business conditions index inched down 2.9 points to 20.2. It has been sliding steadily since January.
However, the index remains firmly entrenched in positive territory. In July, 37.5 percent of respondents predicted better conditions in six months, compared to 17.3 percent who anticipated worse conditions. Remaining respondents predicted conditions will remain the same.
Among the other forward-looking indicators, the future new-orders index edged down 1.9 points to 13.6. The future shipments index ticked up 2.4 points to 14.8.
Manufacturers anticipated a lower level of unfilled orders in six months. The future unfilled-orders index climbed 2.1 points in July but did not move out of negative territory, checking in at -6.2.
Delivery times will be lower, according to the survey’s future delivery-time index. It plummeted 11.3 points to -12.4. And the future inventories index stayed negative despite increasing by 5.6 points. It registered -9.9.
Firms expect to pay and charge higher prices, the survey found. The future prices-paid index rose 1.8 points to 35.8, and the future prices-received index eased by 1.5 points to 16.1.
The future number-of-employees index plunged 10.3 points to 6.2. The future average employee-workweek index turned negative, falling 7 points to -4.9.
Even so, many manufacturers remained committed to capital expenditures and technology spending. The future capital-expenditures index ticked down 1.9 points to 19.8, and the future technology-spending index added 6.2 points to 18.5.
The New York Fed polls a set pool of about 200 manufacturing executives in the state for its monthly survey. About 100 executives typically respond, and the Fed seasonally adjusts data.
Syracuse consumer confidence falls in Q2
Central New York consumers grew wary of opening their wallets in the second quarter of 2012, according to an index from the Siena (College) Research Institute (SRI) that showed declining willingness to spend in the region. Overall consumer confidence in the Syracuse metropolitan statistical area (MSA) dropped 2.7 points to 68.6. The area ranked seventh
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Central New York consumers grew wary of opening their wallets in the second quarter of 2012, according to an index from the Siena (College) Research Institute (SRI) that showed declining willingness to spend in the region.
Overall consumer confidence in the Syracuse metropolitan statistical area (MSA) dropped 2.7 points to 68.6. The area ranked seventh in confidence out of nine MSAs in New York State.
It remained below the SRI index’s break-even point, which is just above 76. The break-even point is the reading at which consumers express an equal amount of optimism and pessimism. Index results above the point indicate mostly optimistic consumers, while results below the point reflect prevalent pessimism.
The Binghamton and Utica MSAs joined Syracuse in losing consumer confidence. Overall confidence slipped 0.1 points in Binghamton to 65.8, and it tumbled 4.9 points in Utica to 63.4. Binghamton ranked eighth in the state in consumer confidence. Utica ranked ninth.
Only one other MSA in New York State lost overall confidence. New York City’s consumer confidence fell 2.2 points to 79.3. However, the city still managed to maintain the top confidence level in the state.
The five remaining metropolitan areas were all home to increasing overall confidence. That leaves quarter-to-quarter results for the state as a whole looking like a mixed bag, according to Douglas Lonnstrom, professor of statistics and finance at Siena College and SRI founding director.
“It’s kind of like we’re moving laterally here,” he says. “And I don’t see anything in the infrastructure that’s going to cause us to dramatically go up or down. We just seem to be drifting along right here.”
Albany hosted the state’s largest increase in overall consumer confidence, 3.4 points to 78.7. Meanwhile, confidence climbed by 1.4 points in both Buffalo and the Mid-Hudson region. It moved up to 72.2 points in Buffalo and 70.2 in the Mid-Hudson MSA.
Overall confidence crept up 1.1 points in Rochester to 78.7. It increased 0.4 points in Long Island to 73.5.
While Syracuse, Binghamton, and Utica lagged behind the rest of the state in quarter-to-quarter comparisons, all nine of New York’s MSAs have experienced confidence gains from a year ago, Lonnstrom says.
“Some of them are modest, and Syracuse is one of those — up about 7 percent from a year ago,” he says. “Some are up quite a bit. Binghamton is up 20 percent.”
In Utica, consumer confidence has increased by 8 percent since the second quarter of 2011, the SRI index shows.
SRI develops the quarterly confidence indexes by surveying consumers over the age of 18 in random telephone calls. Each MSA index is based on more than 400 respondents, with the exception of the indexes for New York City and Long Island. SRI calculates those quarterly indexes using averages of its monthly consumer-confidence surveys.
Current and future confidence
Syracuse consumers didn’t just lose overall confidence between the first and second quarters of 2012. They also expressed a declining willingness to spend under current conditions and in the future.
The MSA’s current confidence skidded 5 points to 71.6. Its future confidence edged down 1.2 points to 66.7.
In Utica, current confidence descended 5.7 points to 68.2. Future confidence dipped 4.4 points to 60.3.
Current consumer confidence increased in Binghamton by 1.9 points to 71.3. But future confidence ticked down 1.4 points to 62.3.
Buying plans
SRI also surveyed consumers in the state’s nine metropolitan areas about their plans for making major purchases in five different categories. The institute asked if consumers plan to buy a car or truck, a computer, furniture, a home, or a major home improvement in the next six months.
The portion of consumers planning to make major purchases decreased in 30 of the 45 possible categories across the state. It increased in 14 categories and stayed the same in one.
Consumers in the Syracuse MSA cut back on plans to purchase cars and trucks, computers, and furniture. They boosted plans to buy homes and major home improvements.
“[In] Syracuse, you were kind of mixed, but still a little bit on the low side,” Lonnstrom says.
SRI’s survey found that 11.9 percent of Syracuse–area consumers plan to buy a car or truck, down 2 points from the first quarter of 2012. The reading is also lower than the survey’s historical average of 12.8 percent.
Only 9.2 percent of the region’s consumers plan to buy a computer, a drop of 2.6 points from the previous quarter and below the historical average of 10.5 percent. And 11.9 percent of consumers expect to buy furniture, down 3.2 points from last quarter and under the survey’s 14.8 percent historical average.
The news was better for Central New York’s housing market, as 3.4 percent of consumers planned to buy homes, up 0.6 points from the first quarter of 2012. That was slightly below the survey’s historical average of 3.6 percent.
Major home improvements also received a boost, with 16.8 percent of consumers planning to make purchases in that category. That’s up 1.3 points from last quarter but still less than the survey’s historical average of 19.5 percent.
retz advertising + design draws inspiration from new home
SYRACUSE — Donald Retz says his firm’s new headquarters on Syracuse’s Burnet Avenue is an ideal backdrop for the company. “Creatively, it’s inspiring to us,” says Retz, owner and creative director of retz advertising + design. “I love the noise of Interstate 690. It clears my head. It feels like you’re in Manhattan. For me,
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SYRACUSE — Donald Retz says his firm’s new headquarters on Syracuse’s Burnet Avenue is an ideal backdrop for the company.
“Creatively, it’s inspiring to us,” says Retz, owner and creative director of retz advertising + design. “I love the noise of Interstate 690. It clears my head. It feels like you’re in Manhattan. For me, it makes me think a little bit better.”
The company moved into 3,000 square feet of space at 128 Burnet Ave. at the beginning of May. The location, which is next to the highway, is easy for clients to access, according to Retz.
It is in a former factory that was originally constructed in the 1890s, giving it some interesting visual cues, he adds.
“I think the overall feel of it, the brick walls, the light, the stained concrete floors, that kind of industrial look really did it for us,” Retz says.
His company relocated its headquarters from 8051 Cazenovia Road in Manlius because its lease was expiring. Retz opted to move the firm out of the Manlius location, which was a converted house where it leased 1,500 square feet, because he wanted a more central location with extra space, he says.
The marketing firm currently employs five people, in addition to Retz. It also has an intern working at its headquarters. Retz eventually wants to expand to about 10 total employees.
He has no plans for adding new workers imminently, though. The company’s hiring will be dictated by how quickly it lands new projects and clients, Retz says.
Retz declined to share revenue totals for the firm, but says it is targeting 25 percent revenue growth in 2012.
“We’ve been extensively pursuing a lot of new business across the region and in New York City,” Retz says.
Additionally, retz advertising + design is negotiating with a potential client in Washington, D.C., he continues. And it is in the process of working with a winery in Italy.
The firm’s services include branding and public relations, as well as print, television, online, and interactive marketing. It works with medical, manufacturing, and nonprofit clients. Other clients are in the real-estate investment, consumer-electronics, and wine and spirits industries.
Clients have been impressed by the marketing company’s new headquarters, according to Retz.
“So far our clients love coming here,” he says. “Our clients in Syracuse needed it to be easy to get over here, and some of them walk over.”
Little work was necessary to prepare the Burnet Avenue space to hold retz advertising + design’s headquarters. The firm’s employees only had to clean the space and paint it, Retz says.
The company will likely have some new desks installed, and it may eventually modify the space’s floor plan, he adds. It does not yet have a cost estimate for that work.
The firm will probably ask its landlord, Christopher Clemans, to build any new desks using reclaimed lumber, according to Retz. Clemans founded the custom-cabinet and furniture manufacturer CabFab, which owns the Burnet Avenue building where retz advertising + design moved its headquarters. CabFab occupies space in the structure, although it lists its address as 124 Burnet Ave.
“We have to give props to Chris,” John Taborosi, retz advertising + design’s director of business development and operations, says of Clemans. “He refurbished this building with energy efficiency in mind. The ceiling is insulated, there are replacement windows, and we’ve got radiant heat in the floor.”
New York City presence
As it was moving into its new Syracuse headquarters, retz advertising + design was also cementing a partnership with a marketing firm in New York City, giving it a base of operations in Manhattan.
The New York City firm, Foundations Marketing Group, is headquartered at 1140 Avenue of the Americas. Although retz advertising + design does not keep a staff member at that location full time, it can share the space when it needs to conduct business in the city.
The marketing companies finalized their partnership in May. But they have been working together for several months, Taborosi says.
“It started last fall, and we’ve been collaborating on projects since,” he says.
Previously, retz advertising + design was known as retzcanter. On Sept. 1, 2011, Retz bought out his co-owner in the business, Daniel Canter, according to Taborosi. The firm then changed its name to retz advertising + design. Taborosi did not disclose any additional details or financial information relating to the transaction.
Research institutions, higher education help drive H-1B visa applications in Syracuse
Employers such as higher-education institutions and nonprofit research entities were responsible for more than a quarter of H-1B visa requests in the Syracuse metropolitan area in 2010-2011, a new report from the Brookings Institution’s Metropolitan Policy Program found. Brookings released the report, titled “The Search for Skills: Demand for H-1B Immigrant Workers in U.S. Metropolitan
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Employers such as higher-education institutions and nonprofit research entities were responsible for more than a quarter of H-1B visa requests in the Syracuse metropolitan area in 2010-2011, a new report from the Brookings Institution’s Metropolitan Policy Program found.
Brookings released the report, titled “The Search for Skills: Demand for H-1B Immigrant Workers in U.S. Metropolitan Areas,” on July 18. H-1B visas allow employers to hire skilled foreign workers for temporary employment in specialized occupations.
Brookings did not analyze the number of visas that were granted by the federal government, according to Jill Wilson, a senior research analyst at Brookings’ Metropolitan Policy Program and co-author of the report. Its report focused on demand, she says.
“This is visa requests from employers, not the number granted,” Wilson says.
In Syracuse, employers such as colleges and universities, which are designated “uncapped” employers, made 25.5 percent of all requests for H-1B visas on average in 2010 and 2011. That means the region had the 18th highest portion of uncapped-employer visa requests out of 106 areas Brookings examined. Nationally, 10 percent of requests originate from such employers, the institution estimated.
The “uncapped” designation stems from federal regulations on the number of H-1B visas that can be granted each fiscal year. Uncapped employers — which include higher-education institutions or related nonprofit entities, nonprofit research entities, and governmental research entities — are not subject to caps on the number of visas that can be granted nationwide.
Private firms are bound by those caps and are referred to as “capped” employers. Currently, the government will only grant a total of 85,000 H-1B visas in a year to all the capped employers in the country.
Total requests for H-1B visas in 2010-2011 averaged 335 in the Syracuse area, according to Brookings. The region ranked 85th in requests in the report.
The top H-1B-requesting area was New York-Northern New Jersey-Long Island, where employers asked for 52,921 of the visas. But H-1B demand was not limited to the largest metropolitan areas like New York City, Wilson says.
“One surprise of this report was that smaller metropolitan areas are demanding these H-1B workers,” she says. “We actually found that every metropolitan area of the 366 in the United States requested at least one H-1B visa.”
However, Brookings only analyzed regions that made 250 or more H-1B requests. So its report included Syracuse but not metropolitan areas like Binghamton or Utica.
In Syracuse, employers requested 119 visas for computer occupations, the most of any occupation. They requested 68 visas for health diagnosing and treating practitioners, 38 for engineers, and 32 for postsecondary teachers.
The institution also looked at demand intensity, or the number of H-1B visas requested per 1,000 workers in each metropolitan area. Syracuse registered a demand intensity of 1.1, which was 91st out of the 106 areas Brookings examined. The national average was 2.4.
Additionally, Brookings broke down the number of H-1B visa requests for jobs in the science, technology, engineering, and mathematics (STEM) fields. Syracuse employers made 55.1 percent of their H-1B visa requests for jobs in those fields, 85th out of the regions covered in the report.
Another analysis Brookings performed shed light on government funding for programs that are designed to alleviate U.S. workers’ skill shortages. The institution examined the distribution of revenue generated by employers’ H-1B visa fees — fees that range from $1,575 to $4,325 per application, depending on the type of employer.
“Our report is the first time anyone’s layered the data this way to look at where the fees have been awarded compared to where the demand for H-1Bs would be,” Wilson says.
The Syracuse region pulled in more grant money from H-1B visa-funded programs than its demand for the visas would suggest. It received $1.2 million in grant funding, good for 62nd out of the regions Brookings reviewed. In dollars per capita, Syracuse received $2.26, which was 54th in the report.
Only 70 of the 106 metropolitan areas Brookings sampled received grant funding from H-1B programs in 2010-2011.
The Brookings report recommended adapting to regional shifts in H-1B visa demand by forming an independent standing commission that would recommend immigration-policy changes. It also suggested aiming programs funded by H-1B visa fees at metropolitan areas that have a high demand for H-1B workers.
That doesn’t necessarily mean the Syracuse area should lose all of its funding for grant programs coming from H-1B visa fees, according to Wilson. Programs that help put students through STEM training in college in one region can help boost work-force skills in another region, she says.
“We would argue that the alignment there is not as necessary,” she says. “Someone who is in school in Syracuse may not stay there.”
Seventeen Ways to Tip the Sales Scale in Your Favor
Every salesperson knows the job is tougher than ever. It’s not for the faint-hearted or those who feel the world owes them a living. At the same time, salespeople recognize the importance of having an extra edge, of standing out from the crowd. Yet, even those with winning qualities can have other attributes that keep
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Every salesperson knows the job is tougher than ever. It’s not for the faint-hearted or those who feel the world owes them a living. At the same time, salespeople recognize the importance of having an extra edge, of standing out from the crowd.
Yet, even those with winning qualities can have other attributes that keep them from getting to the top. To help tip the sales scale, here are 17 ideas that can make a difference.
1. Start exciting customers and stop trying to entice them. Spending time figuring out a customer’s hot buttons is out of sync with the times. Excite them with your knowledge, helpful ideas, and your willingness to be there after they sign the order.
2. Make the customer experience interactive. The primary sales task is to get customers talking. Most already have information and expect to participate, and they’re turned off when they don’t have a chance to do so. Ask questions that engage the customer, that create a dialogue. There is nothing a salesperson can say that’s more important than that.
3. Every sale involves a relationship. One salesperson couldn’t figure out why a prospect didn’t want to buy, until he said, “Frankly, I just don’t understand why we can’t seem to move forward.” It turned out that the customer was afraid the salesperson would disappear. “I like picking your brain,” he commented.
4. Use the “big question” to build a relationship with prospects. “What would you like to accomplish that you haven’t already?” This is the question that opens the windows wide so you can understand what’s hidden away in customers’ minds that dominates their thinking and what they care about passionately.
5. Be there at the right time. A printing-sales executive locks the competition out with his electronic tickler system that tells him when jobs are coming up. His customers and prospects are impressed that he makes contact with them at just the right moment.
6. Using “big data” for better results. There is no reason for wasting time bird-dogging dead-end leads; yet, that’s what salespeople assume to be part of the job. Not any longer. And that’s the value of “big data,” information that exists outside your company, but is now available. Intuit (QuickBooks, Quicken, and Turbo Tax) has transactional, behavioral, user-generated data (from its products) and social data drawn from social networks and Twitter. And it’s easily accessible for small or large companies.
7. Doubt yourself. Salespeople often take pride in their ability to “read” people and situations, relying on their “gut instincts” or intuition. They view it as “built-in” radar, guiding their decisions. Although experience can play a significant role, famed psychologist, Dr. Daniel Kahneman, points out the danger of depending on intuition. It can lead to what he calls “automatic thinking” that ignores relevant information, which can spell trouble in sales.
8. Stay with the facts. Using exaggerated claims and inaccurate information are “the kiss of death” for today’s salesperson. With better-informed customers, uncovering such information only takes a few seconds, thus damaging credibility. In today’s very transparent world, “messing with the facts” can be fatal, whether business (over-sized claims) or personal (doctored résumés).
9. Think for a change. Those in sales tend to be “doers, not thinkers.” And most are burdened with too much activity that’s less than productive. Thinking makes the difference. That’s what middle-school students have discovered in the poorest area of Brooklyn. Their school is a chess powerhouse, “a legend in the chess world,” states the New York Times. “You do a lot of thinking about how you think, especially about how you make decisions,” says Elizabeth Spiegel, the full-time chess teacher. Making good decisions is the backbone of sales and that takes thinking as well as doing.
10. Offer options. Scion gets it right with the way it sells its quirky cars. The colors are different but every xD, xB, tC and iQ on a dealer’s lot is identical — no accessories. Customers choose the color and then decide on the accessories, which are dealer-installed. The process gets customers involved in making choices. In the end, it’s their car.
11. Present the proposal last. Too many salespeople rush to get a proposal in front of buyers. It’s a bad move because it detracts from getting the customer involved in a dialogue and halts a salesperson’s learning process. Make your proposal an extension of your conversation so that it becomes the result of your conversations. That way your proposal is really coming from the customer.
12. Embrace social media. View social media as a way to engage and cultivate customers, not as advertising or a way to make sales. Ask relevant questions, share ideas, and offer helpful information. Be consistent — it’s the key for pulling customers closer to you. Twitter and LinkedIn can be good places to start.
13. If the story fits, use it. If it doesn’t, don’t. No one enjoys telling stories more than a salesperson. Those who are good at it know when to use a story, and when to keep quiet.
Before telling any story, remember that customers are interested in themselves, not you. The president of a regional restaurant franchise invited a sales team to meet with him about a project for the company’s 600 employees, but cautioned the salespeople that they had 45 minutes and no longer.
When the meeting began, the president started talking and didn’t stop for 40 minutes, much to the sales team’s dismay. At that point, the team leader asked the president if he would like to know more about their firm. “No,” came the reply. “I’ve been getting your materials for a year. I have everything I need to know. Let’s get to work.”
14. A better way to say “thank you.” If you’re looking for something more personal than a vanilla email message to say “thank you” or an impersonal .pdf invitation to an event, a good solution is My Stationery Box, a $3.99 app for an iPad. It’s really slick, offering an array of templates for business and personal use. Take a few minutes to set it up and all the stationery is personalized and ready to go. It automatically imports your address book to make it even easier. No more excuses for failing to stay in touch with the right message.
15. Anticipate objections and get a leg up on the competition. Objections will kill a sale, unless you’re prepared to answer them. Most salespeople miss the mark by assuming they can respond to whatever a customer throws at them, so they wing it. That doesn’t work. Prepare yourself by building an objections file on your smartphone or iPad with thoughtful answers. Then, continue to refine them with your manager or sales-team members until you can respond effectively to whatever is thrown at you.
16. Differentiate yourself. Line up 10 salespeople in your industry and chances are they’re clones –– to customers. If they look alike, talk alike, dress alike, and sell similar products, they are alike and you’re one of them. If you want to stand out from the pack, do this: Admit that there similarities in products and pricing, for example. Then, talk about your differentiating factor — you keep your promises. Have testimonials and references ready to substantiate your claim. It’s a game changer.
17. Think customer, not sale. Successful salespeople know that this is what selling is all about. Buyers of all types have their antennae up and they can spot the salesperson whose sole motive is getting the order. Today’s customers look for the salesperson that understands them, not sells them. That changes the process from transaction to relationship, from no-sale to sale-closed.
There they are, 17 ideas for getting that extra edge in sales that makes a difference. Over time, it’s so easy to develop habits that kill sales, without even knowing it. While awareness of what we’re doing may not be everything, it’s a good way to make changes that will tip the scale in your favor.
John R. Graham of GrahamComm is a marketing and sales consultant and business writer. He publishes a monthly eNewsletter, “No Nonsense Marketing & Sales.” Contact him at johnrg31@me.com, (617) 774-9759, or johnrgraham.com
Increasingly, the “in” boss can be found sitting in a cubicle or an open office alongside his employees. Among the cubicles, the organization is flat and everyone is more or less equal. “Just treat me as another office mate,” he appeals — an open, easily accessible team player. But are these new cube mates really
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Increasingly, the “in” boss can be found sitting in a cubicle or an open office alongside his employees. Among the cubicles, the organization is flat and everyone is more or less equal. “Just treat me as another office mate,” he appeals — an open, easily accessible team player. But are these new cube mates really equal? An assessment of the skills and qualities of the manager and his employees reveals a disconcerting divide. Moreover, the gap between them is widening.
In recent columns, we have talked about how all employees are not created equally in terms of talents, skills, and potential. When it comes to leadership development, we need to be equally concerned over the gap between managers and employees. Two trends make the need for leadership potential in employees even more important. One, the skills required of managers are rapidly evolving with global-market changes. At the same time, these management skills are being pushed down to employees at all levels of the organization, especially frontline managers.
Yet, as we noted, leadership qualities are not being cultivated or developed in employees. So, when you walk through the cubicles seeking your A-team for your new leadership-development program, you may not find the future leaders you are seeking. To ensure your workplace is growing its own leaders, leadership qualities need to be part of employee assessments. Talent audit or inventories using tools such as the nine boxes are becoming ever more critical.
Examining the qualities we seek in employees versus those we desire in our leaders easily identifies the source of the leadership skills and qualities gap. Let’s take a look at a list being circulated as part of a recent survey by OI Partners of top employee qualities.
Interestingly, the top-three qualities are also those cited as the most desired in leaders in the newly released 2012 IBM CEO survey.
1. Team player. Leaner work forces require that both employees and management work more cooperatively with others to optimize resources. Leaders are expected to be “teaming” across the C-suite and with external stakeholders.
2. Engages with customers. Customer engagement and responding in a rapid-fire manner to customer needs are considered essential skills. Successful leaders and employees are engaging with customers at a deeper level by applying analytical insights.
3. Motivates and engages others in their jobs. This quality is in fact number one with most managers. If you succeed in engaging your employees, then your more committed employees are more likely to succeed in engaging your customers.
4. Successful in achieving your “critical few objectives.” Put another way, seek employees who are focused on and proficient in meeting goals.
5. Works smart. Analytical tools, many embedded in enterprise systems, are helping us to measure productivity with great precision. Key employees are continually seeking better, faster ways to do things well. They are embracing creativity, new ideas, and processes.
6. Works hard. Does this employee go the extra mile to show he/she cares about the company?
7. Adds value to the organization. Those hard numbers you are collecting through enterprise systems will help you assess who is adding value. Employees need to be focused on the value they add and be prepared to demonstrate their value.
8. Contributes to improving the bottom line. Once again, like the last five qualities, the focus is on quantifiable results.
When we turn to the qualities we most desire in a leader, however, we find that they are harder to measure, which may partly explain why they are overlooked. But as we have seen in past columns on the cost of a leadership deficit — a whopping 7 percent of revenue annually — you also cannot afford to ignore the following qualities.
Agile. A future leader needs to constantly reinvent himself to stay in sync with rapid changes. Companies are investing in developing agile leaders that can move in tandem with the rapid change in today’s business environment.
Collaborative. This new collaborative manager is among the cubicles to share with you. His door is always open.
Flexible. He quickly responds to change. We used to seek out gazelles to run startups, but today, middle managers need these qualities, too.
Inspirational. The ability to turn difficulties into inspirational challenges is the intangible quality that can single handedly conquer retention issues.
Analytical. Both managers and employees need to be analytical and able to figure things out, quickly.
According to our current corporate leaders in the IBM 2012 Global CEO Study, our future leaders need to be customer-obsessive, inspiring, and great team builders with the speed of a gazelle. So in your next employee hire or promotion, ask yourself, does this employee also have creativity, flexibility, communication, and change-management skills? Will she be able to take a closed organizational structure and turn it into an open one that can form deep collaboration with outside partners? Is she an inspirational person who will be able to encourage engagement and “teaming” across all stakeholders?
I would argue that company leaders have a massive role to play by hiring and developing potential leaders, the only real competitive advantage any organization really has. A good place to start is adding the above leadership qualities to your “employee qualities” list. The alternative could be a Dilbertesque world in which no strong leaders emerge from among the cubicles.
Thomas Walsh, Ph.D. is president of Grenell Consulting Group, a regional firm specializing in maximizing the performance of organizations and their key contributors. Email Walsh at tcwalshphd@grenell.com
If you do not live in a “swing state,” the candidates for the White House don’t want to know you. I guess that is a bit harsh. They do want your money. For their campaign war chests. But more than that? Fugettaboutit. They will not be running their campaign commercials in your state. They will
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If you do not live in a “swing state,” the candidates for the White House don’t want to know you.
I guess that is a bit harsh. They do want your money. For their campaign war chests. But more than that? Fugettaboutit.
They will not be running their campaign commercials in your state. They will not plaster your newspaper with big ads. They may visit your state. Not to win your vote. More to win your contribution. Or, to speak at an event that will draw media attention in a swing state.
You may get to see some of their commercials. But that will be by way of websites that show you swing-state ads. Some of the nightly news shows will show you the latest ads the candidates are running. Of course, running only in swing states.
Meanwhile, some of the messages they deliver may not resonate with you. This is because they are not crafted with your vote in mind. They are crafted for swing-state voters.
Except for the fundraising, the candidates’ efforts are for the swing-state voters. And only for them. The president could take up residence in some “Republican” states like Louisiana and Kentucky. Romney could shake the hand of every voter in some “Democrat” states like Vermont and Delaware. But they would still never win these states in the election.
So, why bother? Truth is, they don’t. They don’t when they speak to the nation at the party conventions. They don’t when they speak to the country in the televised debates. It is as if there are 50 people in the audience and they see only 12.
All their strategies, all their plans have one simple goal: to win votes in the dozen or so swing states.
Now, congressional races are a different matter. If your Senator or Congressman is in a close race, you will see and hear lots of advertising. You may see ads from national groups trying to give these candidates a push or a karate chop.
As for visits from President Obama and Governor Romney? If you are in a non-swing state, visits are not too likely. Except in the early stages when they come cap in hand. Which is why the president has dropped into New York City so often. He will never face a shortage of Big Apple or Empire State votes. But the Big Apple is where the big bucks are located.
It is a curious situation. The candidates have to sound as if they are speaking to you. They are not. They have to sound as if they want to address your concerns. They don’t. Unless your concerns are the same as the concerns of voters in the swing states.
You will see these guys hoisting mugs of beer in this campaign. Trying to convince voters they are just regular guys like your pals at your favorite bar. When it seems as if they are saying “This Bud’s for you,” it ain’t. If you want it to be, you will have to move — to a swing state like Ohio or Virginia.
From Tom…as in Morgan.
Tom Morgan writes about financial and other subjects from his home near Oneonta, in addition to his radio shows and new TV show. For more information about him, visit his website at www.tomasinmorgan.com
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